Bajaj Vehicle, Hero Motocorp and Maruti Suzuki have actually gained 1.3 per cent each on the BSEThe domestic standard indices are selling the green, albeit off the all-time highs scaled earlier in the day, on the back of strength in Reliance Industries and purchasing interest in car stocks.
The BSE Sensex had surpassed 58,000 for the very first time to touch an all-time high of 58,115.69 and NSE Nifty index had crossed the 17,300 at opening bell.
As of 12:30 pm, the BSE Sensex is trading at 57,962.52, greater by 110.50 points or 0.19 per cent and the NSE Nifty is at 17,274.50, up 39.60 points or 0.22 per cent.
The more comprehensive markets are trading firm, with the BSE Midcap index and BSE Smallcap index gaining 0.3 per cent and 0.4 per cent respectively.In the currency market, the rupee opened flat at 73.04 per dollar on Friday versus Thursday's close of 73.06.
On the stock-specific front, Reliance Industries got 2.8 per cent to top the gainers list on the BSE.
The auto area was likewise going strong; Bajaj Automobile, Hero Motocorp and Maruti Suzuki have gained 1.3 percent each.
And Eicher Motors rose 3.15 percent to Rs 2,819 on divesting stake in its insurance coverage business to HDFC Life.
Tata Steel and Titan are the other significant gainers in the BSE pack.On the other side, HDFC Life shed more than 3 per cent to top the loser's list on the BSE after the insurance giant signed a deal to buy Eicher Motors' insurance coverage company.
Hindustan Unilever, Axis Bank and HDFC are the other considerable losers.The general market breadth is favorable as 1,705 shares advanced as against 1,351 declining shares on the BSE.